31 May 2019 16:52

Calvey asks Investigative Committee to allow him to attend economic forum in St. Petersburg

MOSCOW. May 31 (Interfax) - Lawyers for Michael Calvey, the founder of Baring Vostok Capital Partners who is under house arrest in connection with a fraud inquiry, have filed a request with the Investigative Committee to allow him to take part in the St. Petersburg International Economic Forum (SPIEF).

"They filed the request yesterday," a Baring Vostok representative told Interfax, adding that there had not yet been a response from the Investigative Committee.

Earlier, the fund told Interfax, "The firm's founder Michael Calvey has long been registered as a participant of the forum and is hoping to take part in its events."

The forum will take place next week. Baring Vostok's delegation will be headed by its senior partner, Yelena Ivashentseva. She is expected to take part in a number of panel sessions.

The Baring Vostok case was opened on February 13, 2019. The Basmanny District Court took Calvey, Baring Vostok partner Vagan Abgaryan, Baring Vostok partner in the financial industry sector and French citizen Philippe Delpal, investment director Ivan Zyuzin, First Collection Bureau General Director Maxim Vladimirov, and former Vostochny Bank CEO Alexei Kordichev into custody on February 15-16.

On April 11, the foundation's founder and senior partner Michael Calvey and former Vostochny Bank board chairman Alexei Kordichev were put under house arrest at the investigators' request.

A heated conflict is underway among Vostochny's shareholders. Evision Holdings owns 51.62% of the bank. Forty percent of the bank belongs to Avetisyan (32.02%) and Sherzod Yusupov (4.4%), former co-owners of Uniastrum Bank.